Recently, the trading competition on a certain platform has been quite popular, with trading volume reaching the 4 million mark. It seems like participation is high, but a careful calculation shows that the reward mechanism might not be as profitable as it appears.

Taking the USD trading pair as an example, the reward pool is 12,500 coins. Based on the current price of 0.17, the reward value on the surface is roughly $2,100. It sounds quite tempting, but that's just the face value. The real pitfall lies in the slippage cost—calculating at 5% slippage, in order to generate this 4 million trading volume, the actual cost paid by participants is already outrageously high.

Looking at it from another angle: spending such a large amount to chase this small reward, how much can you actually get at the end? Considering the number of competitors, liquidity, and the risk of subsequent price fluctuations, the actual return rate is really hard to see. Not to mention hidden costs like gas fees and transaction fees.

So the question is—what's the point of everyone frantically pushing this 4 million trading volume? Is it to boost the platform's popularity metrics, or is there really money to be made? Every participant should ask themselves this question.